Forex Trade Setup – Nov. 29th
NZDUSD – 4hr Downward TKx One of the few pairs to not break the kumo on the daily chart, the pair has still been selling off steadily and we expect this to continue – although likely after a small profit-taking bounce. We are going to watch the 4hr chart for another TKx to the downside to occur between 7600 and 7500 for the pair to make another down-move to the 7300 level which is...
Read MoreForex Ichimoku Trade Setups – Nov. 29th
EURUSD – Through For the first time in a long time, the EURUSD has punched through the daily Kumo which is a very bearish sign for the pair since it has floated above it since July of this year after flirting with it in late summer only to start an impressive run to 1.4284. However the dreadful sell-off since then has been forceful and is not something we want to get in the way of. Price...
Read MoreForex Ichimoku Trade Setup Nov. 22nd AUDUSD
AUDUSD – 4hr Chart Looking at the chart below, we can see how the AUDUSD made an impressive climb but failed at the 50% fib of the last down-move and sold off heavily. The pair never really penetrated the kumo heavily and is in danger of forming a TKx to the downside. It will likely do this at or near the support based in the low 97′s which is common for TKx’s. Should this...
Read MoreForex Ichimoku Trade Setups – Nov. 22nd
EURUSD – Another Run at the Swing Lows After having an impressive sell-off from 1.4284 – 1.3489, the pair made a little bounce late last week but has since run into some selling to start this week from the London open over 200pips in one day. This sell-off started at the 20ema and 38.2% fib combo and suggests the pair is likely to make another run to the swing lows at 1.3489 about...
Read MoreForex Ichimoku Trade Setup Nov. 18th
AUDUSD – 4hr Chart We have plays on both sides which makes this one interesting. The Bullish Play; Looking at the chart below, we can see how the 50% fibonacci of the last down move lines up nicely with the flat Kumo top. Between current price and this flat top there is a Kumo Window which offers a good breakthrough point. Should price break the Kumo, look for it to use the flat top as...
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